"Emma Harrison has begun to wonder how her business will survive in recent weeks. The managing director of the Three Hills pub in Bartlow, Cambridgeshire, is struggling to see how she will make a profit after examining the impact of her rising tax bill. I'm really terrified about this coming year, Harrison says. We're a well-run pub, we've won lots of awards, but this is going to be really hard."
"Rob Hattersley, the managing director of Longbow Venues, a hospitality business in the Peak District, said one of his pubs, the George, was facing an increase in its rateable value from 49,000 to 205,000. This means the pub's rates bill will rise from 24,451 this year to 88,150 by 2029. We cannot just pass these costs on to guests, Hattersley says. People are already watching their spending, and we are doing everything we can to keep prices fair and accessible."
"The trade body UK Hospitality says the scale of these increases will force venues to cut jobs, raise prices and in many cases close entirely. It has calculated that small hospitality venues face a combined business rate rise of 318m over the next three years. The rates will rise by 115% for the average hotel and 76% for a pub, compared with just 4% for large supermarkets and 7% for distribution warehouses."
Emma Harrison, managing director of the Three Hills pub in Bartlow, Cambridgeshire, fears for her business after examining the impact of a rising business rates bill. Pubs, hotels, nightclubs, live music venues and other hospitality businesses face recalculation of rateable values from April next year, leading to unexpectedly large increases despite a three-year tapered relief. Longbow Venues reports one pub's rateable value rising from 49,000 to 205,000, with rates rising from 24,451 to 88,150 by 2029. UK Hospitality warns that increases will force job cuts, price rises and closures, projecting a combined 318m rise for small venues.
Read at www.theguardian.com
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